Member Info for cjmorley

I sold the last of mine a couple of weeks ago at a loss.

I got fed up of reading " it's all shorters" etc. They just can't see reallity over there.

See RNS below
It is now 13 weeks since I assume assay samples were sent away’
I think this is the current delay at labs? So, any day now?

RNS Wed, 23rd Nov 2022 07:00
Recent Exploration near Elizabeth Hill
The recently completed reverse circulation drilling programme comprised of 12 holes for 1,370 metres ("m") of drilling. This drilling was designed to test:
• Down dip, down plunge and depth extensions to the known high grade silver mineralisation proximal to the Elizabeth Hill silver mine
• Strike extensions north of the Elizabeth Hill shaft, targeting granite/ultramafic contact zones identified during underground mining that are interpreted to be extensions to the main silver lode mineralisation
• The Judy Reef about 1,400m southeast of the Elizabeth Hill historical silver mine is a PGE copper nickel target with possible silver, co-incident with an electromagnetic ("EM") anomaly.
At Elizabeth Hill significant water was encountered in some holes that may require a short diamond core tail to ensure the target is properly tested however this will be determined after receipt of the assays for the existing drilling. Geological logging encountered several zones of altered material that has similar characteristics to the main mineralized high grade silver zones at the Elizabeth Hill mine.
Figure 2: Section looking East through the historical Elizabeth Hill silver mine workings

Upcoming work programmes planned by Alien during the next several months
- Core drilling at Han**** to increase resources from Inferred to Indicated
- High priority samples from drilling submitted with results expected in several weeks
- Permitting for the Han**** development into an active mine is continuing with update in due course
- Refurbishment of the Elizabeth Hill shaft and establishment of a small camp ongoing

You may well be correct Christa

But some approvals are complex involving pilgrim ways , burial sites etc.

With a bit of luck new guy could clear easy applications first. I would,.

Agreed matalhead

There is a re-organisation at KNAC. A new position to oversee approvals is currently being recruited.

Let's hope he/she is as keen to get things moving as we are :-)

@ metal head

The law in Australia protects native title.. See below.
It is not just a buroucratic delay as you suggest.

NATIVE TITLE ACT 1993 - SECT 3 Objects
NATIVE TITLE ACT 1993 - SECT 3
Objects

Main objects

The main objects of this Act are:

(a) to provide for the recognition and protection of native title; and

(b) to establish ways in which future dealings affecting native title may proceed and to set standards for those dealings; and

(c) to establish a mechanism for determining claims to native title; and

(d) to provide for, or permit, the validation of past acts, and intermediate period acts, invalidated because of the existence of native title.

There is little doubt that heritage approval is the key to trigger all the other activities.
Whilst no one can predict when this will arrive, it is almost a given that it will at some point.

My guess is May. The new administrator at KNAC should be in place by then and hopefully clearing any back-log

Give us a clue Max

What are the ****************************** ?

944

I bow to your superior knowledge here.

My preference remains, caution with cash usage until that holy grail of a cash stream kicks in.

@944

Buying a rig sounds a good investment. BUT......

The hardware is only the start of the cost. The crew must be skilled, experienced and available all year.

The hidden cost of sickness, holidays, and expert supervision would be prohibitive.

Better to contract at agreed cost each step going forward. Until we have a revenue stream cash must be used with great caution.

@D3

The volume is trivial. <6 million at 15:40

I, and many others on here hold significantly more than this as individual PI's.

It is really quite encouraging that in the absence of news the SP is holding firm.

Olderand wiser "don't understand all these posts about the current Iron ore price,"

Two reasons

1) It is a chat board
2) If Iron ore was dropping into the low 100 or even $50. It would be topical and relevant to assess future prospects.

133.00$ per ton

up 3.00$ 2.31% last night

https://tradingeconomics.com/commodity/iron-ore

DGR

No you did not

The largest trade today at thr price you told us was 1m

Profit based on your buy price = £100

£100 / £ .00524 = 19084 shares gain

not 100,000

DGR

Was it worth the stress overnight?

GTM

You are at it again. Explain yourself. (preferably in English)

https://tradingeconomics.com/commodity/iron-ore

$130 pt
1.96%
All shaping up nicely :-)

Sim F at 14:10

Posted a working link

On reflection I am strengthened in my thought that an RNS may come tomorrow.

This morning the RNS was released at just before 8-00.

Perhaps they were trying to write an RNS covering both, but for fear of running out of time elected to stick to what they had already drafted?

I'll get me coat :-)

Drill results at Munni Munni for Ni & Cu expected soon. (interesting this is highlighted in bold!)

As assay labs don't generally give prior notice of result release, I fancy they are already in..

Tomorrow's RNS?

GTM

You are boring in the extreem

Give it a rest.